Here is Thursday’s trade:
On Wednesday oil, heating oil, RB Gas traded negative which confirms that bear market cycle is starting in oil and get ready for medium term bear cycle. Stay away from any buying in oil, RB GAS and Heating oil. Keep building short in oil, heating oil, and RB Gas.
Trade in and out in gas. Expect oil to test $65.88 level, this is very crucial support level.
Sell STMP and buy OLED, both these stocks will announce earning today.
Thanks & God Bless